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  • Toronto Stock Exchange Displaying Strength [View article]
    Way too early for the inflation cycle to hit. As such, good theory but for the time being the TSX will move in tandem with the rest of the world markets.

    As for the volume paradox; congrats on noticing this, however, conclusion is a bit off. Sometime 2009, oil will retest the $100 mark or thereabouts. Recession or no recession, it's going to happen for a number of reasons. How and when is dependent on so many variables that stating a possible scenario now is equivalent to buying a lottery ticket. The TSX is reflecting this and basically has turned into a giant option put/call machine with an emphasis on oil and gas with other commodities playing second fiddle.

    When it finally happens, then and only then will the TSX part from following the rest. (Australia is similar yet very different components, also less dependent on U.S. economy.)

    Be careful how you place your bets as options have a tendency to expire worthless!

    CrossProfit
    Nov 06 03:36 am |Rating: 0 0
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